CPI re-weight makes housing + cars = 59% of Core CPI = falling inflation mid-2023. Retail, sitting on $1.8T in cash, will be the incremental buyer of equities in 2023...

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Do you want to listen to economists or to markets? Who has a better track record?

The stubborn rise in equities in 2023, in the face of skeptics citing high inflation, Fed killer, recession risks and poor EPS prospects, highlights the battle that is 2023. Do you want to listen to economists or to markets?

For much of 2022, the equity world has taken the Fed ...

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